An industrial site at Yishun Avenue 6 (Parcel 1) was released for sale by public tender by the Urban Redevelopment Authority (URA) yesterday.
With a site area of 1.42 hectares and maximum gross plot ratio of 2.5, the land parcel has a lease of 60 years and can be developed for a variety of uses under "Business 1" zoning.
As the site was released under the Reserve List system, a minimum bid of S$11.5 million is required. A developer has committed to bid at least that amount in the public tender.
The tender closes at 12 noon on 6 April 2010. Selection of the successful tenderer will be based on tendered price only.
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